§ Sir John StanleyTo ask the Chancellor of the Exchequer what was the average annual rate of inflation from(a) 1974 to May 1979 and (b) June 1979 to date. [41881]
§ Mrs. Angela KnightBetween the start of 1974 and May 1979 the average rate of inflation, as measured by the retail prices index, was 15.5 per cent. per annum. This compares with 6.3 per cent. for the period June 1979 to September 1995, the latest month for which information is available.